Where do you set your rents compared to market?

[Xin L.]

Hey all. I'm new here but I've been reading your posts and learned a lot. So my parents and I have been buying and renting out houses for about three years. I like to set my rental prices in the middle of the market, but they like to set their rents lower and sometimes it's the cheapest in the area on craigslist. What are your experiences? Do you think setting prices in the middle of the road is better than cutting the rent to the bottom to rent it out as fast as possible? In our experience it actually didn't make too much of a difference on vacancies. Sometimes you just get lucky and get someone that is willing to pay a little more. Thanks for reading!